Champagne Fashions Limited - Filleted accounts

Registered number

02812347

Champagne Fashions Limited

Filleted Accounts

31 March 2026

Champagne Fashions Limited
Registered number:		02812347
Balance Sheet
as at 31 March 2026

Notes			2026			2025
£				£
Fixed assets
Tangible assets	3		350,641			350,213

Current assets
Stocks		158,606			158,940
Debtors	4	66,332			42,174
Cash at bank and in hand		148,008			185,704
		372,946			386,818

Creditors: amounts falling due within one year	5	(529,692)			(534,606)

Net current liabilities			(156,746)			(147,788)

Total assets less current liabilities			193,895			202,425

Creditors: amounts falling due after more than one year	6		(15,588)			(25,782)



Net assets			178,307			176,643

Capital and reserves
Called up share capital			102			102
Profit and loss account			178,205			176,541

Shareholders' funds			178,307			176,643

The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.




Mr G Yildiz
Director
Approved by the board on 8 May 2026

Champagne Fashions Limited
Notes to the Accounts
for the year ended 31 March 2026


1	Accounting policies

	Basis of preparation
	The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland.

	Turnover
	Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.

	Tangible fixed assets
	Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:

	Freehold buildings	over 50 years
	Leasehold land and buildings	over the lease term
	Plant and machinery	over 5 years
	Fixtures, fittings, tools and equipment	over 5 years

	Stocks
	Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.

	Debtors
	Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

	Creditors
	Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

	Taxation
	A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

	Provisions
	Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.

	Foreign currency translation
	Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.


2	Employees			2026		2025
Number					Number

	Average number of persons employed by the company			2		2


3	Tangible fixed assets
		Land and buildings		Plant and machinery etc		Total
£			£		£
	Cost
	At 1 April 2025	349,398		17,375		366,773
	Additions	-		916		916
	At 31 March 2026	349,398		18,291		367,689

	Depreciation
	At 1 April 2025	-		16,560		16,560
	Charge for the year	-		488		488
	At 31 March 2026	-		17,048		17,048

	Net book value
	At 31 March 2026	349,398		1,243		350,641
	At 31 March 2025	349,398		815		350,213




4	Debtors			2026		2025
£					£

	Trade debtors			66,052		41,894
	Other debtors			280		280
				66,332		42,174


5	Creditors: amounts falling due within one year			2026		2025
£					£

	Bank loans and overdrafts			118		80
	Trade creditors			18,237		22,662
	Corporation tax			295		(648)
	Other taxes and social security costs			12,977		13,974
	Other creditors			498,065		498,538
				529,692		534,606


6	Creditors: amounts falling due after one year			2026		2025
£					£

	Bank loans			15,588		25,782


7	Other information

	Champagne Fashions Limited is a private company limited by shares and incorporated in England. Its registered office is:
	Unit 1 C, Tewin Court
	Tewin Road
	Welwyn Garden City
	Herts
	AL7 1AU